Celebrating #HivePUD By Powering Up 100 HIVE πŸ’ͺπŸ˜ŽπŸ‘

in LeoFinance β€’ 2 months ago

HivePUD.png

Finally, it's that time of the month ;) when we get to do something great with our Liquid Hive i.e to power it up. Although I have been powering up every now and then whenever I can, but this day is special for me. Why? Because this is the first time I am participating in #HPUD.

Special thanks to @fionasfavorites for letting me know about this in one of her posts. She has been quite helpful to me since the starting of my Hive Journey and supported me with 100 HP for two consecutive months. It really helped me to grow my account during those initial days. And it's not just me, she has been supporting so many newbies like myself on the platform. So kudos to her!

Why 100 HIVE?

Because 100 looks like a grand number to me. 😎

A few days ago I won 100 HBD for doing Hive Twitter Shilling, all thanks to @nathanmars. I quickly exchanged the whole amount for Hive and kept 100 Coins aside for this day.

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So whatever I had in my wallet, I powered up in full and at the time of writing this post my Cummulative Hive Power looks like this:

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I am very close to reach the 500 mark which should be an easy thing to achieve considering the amount of rewards I am going to get in the next one 1 week. So before the next PUD I would love to reach at least 800 HP mark if possible. I will buy some of my own if that doesn't happen through Curation & Author Rewards. ;)

What Is Hive Power Up Day?

Hive Power Up Day has been taking place since @streetstyle came up with the idea on that other blockchain back in April 2019. Essentially we all get together and power up (stake) our Hive on the first day of every month, and some offer prizes to smaller accounts to help them grow.
Source: Hive Power Up Day, May 1st 2021

So it's a monthly event where every participates through powering up Hive on the first day of every month.

And not just that, you are expected to pause the power down & stop trading/selling Hive for 24 hours.

Why To Participate?

Apart from supporting the staking of Hive in your account, there are a number of incentives to do it:

  1. The more HP you own, the more influence you have on the platform. Your vote value grows and so is the value of your witness votes. In a democratic system like DPoS, stakes matter the most.
  2. You can use your HP to support other projects through delegation and also get decent APRs in return. There are ample amount of Delegation related investment options are available so you can choose what's best for yourself. Apart from this, you can always get 3% Yearly APR on your HP. Better than making your money sit in your bank account.
  3. There are prizes for who participate and win. 😁 The more you power up, the more chances you get to to win these. Checkout the full list of perks in this amazing post by @traciyork. So do your best because there are multiple giveaways and that should cover the major chunk of participants.
  4. By participating, you can inspire others to do the same. So imo, it's very important to take part in such initiatives since it boost the community building on Hive.

Even if you do not win the prizes, it's a win for sure because now you have more influence on the platform and you are directly or indirectly supporting the growth of the platform. You can participate by following the instructions mentioned here on this blog.

I want to take this opportunity to thank @traciyork and all the sponsors involved. You guys are doing an amazing job. I really enjoyed doing this and I will definitely participate in the upcoming PUDs every month.

HiveBuzz

The achievement tracker on Hive Blockchain created by @arcange will also provide a sexy badge for powering up at least 100 HP. At the time of writing this post, there are 199 users who own this badge which is really cool.

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If you do not want to miss the next power up day then make sure to check the countdown timer they place a few days before the next PUD. You can follow @hivebuzz & @traciyork for the annocements blogs too. So today's PUD is ending and hopefully a few more people will participate by the time countdown hits Zero.

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Let's Go Guys, Power Up Your HIVE!


Please let me know if you have participated today and I will make sure to check out your #HivePUD / #HPUD posts. If you liked reading this, please do upvote to support me and reblog this so that other people will get to know about this amazing day. Cheers!!!




https://leofinance.io/@finguru

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https://twitter.com/finguru6


finguru#4062


No financial advice. For infotainment purposes only.

Posted Using LeoFinance Beta

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Very nice job. I didn't have that much HIVE so I just powered up what I missed out last month. Btw I just realized that I used the wrong tag and changed my HPUD tag into HIVEPUD tag. I keep making mistakes lol.

Posted Using LeoFinance Beta

Haha, No problem @jfang003, good that you corrected it on time ;) I also make such mistakes all the time so Hi-5.

Happy #HivePUD to you. 🀞

Posted Using LeoFinance Beta

Hey @finguru, I just powered up too. I was a day late, because I actually was not aware of HPUD until reading all the posts about it.

Well I made up for it, I allocated some fiat today and then powered up 1,000 HP.

Now I am trying to work out how best to utilise the power up. Do I just have increased voting power or should I delegate? Any thoughts or recommendations?

Β 2 months agoΒ (edited)

That's so awesome @strenue. 1000 HIVE is a pretty handsome amount to power up. Love it!

I see that you are posting on Leo Finance daily. So the best way to utilize your HP is to delegate it to @leo.voter for LEO Dividends every day. Check this report by @amr008 to understand how much you can earn by delegating : https://leofinance.io/@amr008/leo-voter-it-has-been-1-year-paying-out-leo-for-hive-delegations

It makes sense because you can have one more source to earn LEO. ;)

If that doesn't please you then you can also delegate it to @ocdb (a project by @acidyo) to get daily Hive Dividends. They share the curation rewards with delegators so that's a great bet too.

Hope it helps!

Posted Using LeoFinance Beta

Thanks for the advice @finguru! I do have a fair amount already delegated to @leo.voter. Perhaps you are right, it might be time to up that amount even more, so that I can build up a nice amount of LEO. 🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁🦁

See how good does lots of LEOs look!!! πŸ˜‚

Hahaha. Perfect Decision man. Your LEO Army looks so lit. ^_^

I will be delegating some to @leo.voter as well. Need to get them from all the sources possible. ;)

All the best, hope you grow them 10-20 folds by the end of this year.

Posted Using LeoFinance Beta

πŸ‘

On our way to a more decentralised HIVE Network!

Posted Using LeoFinance Beta

Hell Yeah \m/

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Your post has been voted as a part of Encouragement program. Keep up the good work!

Use Ecency daily to boost your growth on platform!

Support Ecency
Vote for Proposal
Delegate HP and earn more

Great job on growing your account! You are becoming one of the shakers and movers on this platform for sure!

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Thanks a lot for the encouraging words, man. I have been trying my best and hopefully, in the next one year, I will add more value to the platform and into my own life. I love Hive and Leo Finance.

Posted Using LeoFinance Beta

Congratulation for your Hive Power Up Day πŸŽ‰

Thank you so much @french-tech. Did you get the chance to participate??

Posted Using LeoFinance Beta

I can't miss a #HivePUD, it's such a fun day 🀣 I already did mine with a post + a tweet (as you did) πŸ˜‰


My HIVE Witness (rank 85) introduction post
Don't miss the Hive Power UP Day! more info here

Awesome @french-tech. Going to check your post now to give some love & follow.

Thanks for dropping by.

Posted Using LeoFinance Beta

Love to see itβ€―! Personally I power-up whenever I have something to power up so I can never do PUD πŸ˜‚


Posted via proofofbrain.io

Β 2 months agoΒ (edited)

Hahaha. That means you are PUDDing every day @crazy-unicorn. Even better. πŸ˜‚

Posted Using LeoFinance Beta

Exactly! 😁

Congratulations @finguru! You received a personal badge!

You powered-up at least 100 HP on Hive Power Up Day! This entitles you to a level 3 badge
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!

You can view your badges on your board and compare yourself to others in the Ranking

Check out the last post from @hivebuzz:

Hive Power Up Day - May 1st 2021 - Hive Power Delegation
Support the HiveBuzz project. Vote for our proposal!